Franman to promote Saudi’s IMI in Greece and Cyprus
(Posted on 07/06/24)
Athens-based Franman, a leading representative and supplier of premium equipment, parts, products and high-quality services to the shipping industry, has been appointed as the exclusive agent for Greece and Cyprus, by Saudi Arabia’s International Maritime Industries (IMI), the largest full-service shipyard in the MENA region.
The agreement makes Franman the sole agent responsible for promoting IMI's Maintenance, Repair & Overhaul (MRO) business to potential Greece- and Cyprus-based clients. IMI selected Franman for its expertise and long history serving these countries’ maritime sectors.
IMI’s fully integrated shipyard spans more than 11 million square meters and caters to a wide range of commercial vessels, including VLCCs, bulk carriers, tankers, offshore support vessels and offshore jack up rigs. Recognized as the largest and only yard in the MENA region capable of multiple MRO projects and large-scale new build programs including VLCCs, IMI’s tech-led infrastructure for New Build & MRO features state of the art facilities, multiple dry-docks and the largest ship lift facility in the world with a lifting capacity of 31,200 tons, that collectively enable unmatched service capacity and efficiency.
Costis Frangoulis, Founder and CEO of Franman, said: “Our partnership with IMI is a significant milestone in Franman’s 33-year-long solid track record of representing leading international service providers to the maritime sector. This agreement could bring about mutually beneficial opportunities for both Franman and IMI, ultimately enhancing the maritime capabilities across our regions. Franman’s clients in Greece and Cyprus seeking enhanced capabilities, sustainability alignment and a strategic location for their MRO needs now have access to one of the most advanced and sustainability-focused maritime facilities globally located strategically at a key maritime route closer to home. And with IMI's expertise and the extensive facilities of the shipyard, Franman could potentially tap into a broad range of maritime industries, from commercial shipping to offshore energy, bolstering our position as a key player in the maritime service sector.”
Feras Al-Sahan, Acting Chief Executive Officer, of IMI, said: “This partnership is another significant step in our journey to increase our geographical reach and deliver best-in-class services to global clients. We are confident that through our collaboration, as the largest full-service shipyard in the MENA region, and Franman’s expertise and far-reaching market presence in Europe, we can jointly unlock opportunities for the maritime sector and in turn spur economic growth. We recognize the evolving needs of shipping companies to ensure operational efficiency and business continuity. We are excited to support our prospective clients via IMI’s state-of-the-art integrated shipyard, where we not only provide ship and rig building capabilities, but also deliver MRO services. This collaboration will also be enhancing scalability of our operations and offering world class facilities in the region to new global clients”.
Latest News
LR and Marshall Islands certify Helm CONNECT electronic record books
(Posted on 14/11/25)Helm Operations has announced that nine electronic record books within Helm CONNECT Logbook have been... Read more
Sailors’ Society launches increased support for Chinese seafarers
(Posted on 13/11/25)International maritime welfare charity Sailors’ Society has announced a significant expansion... Read more
NORDEN signs two-year contract with US wood pellet producer
(Posted on 10/11/25)NORDEN has signed a two-year Contract of Affreightment (COA) with Enviva to transport a significant... Read more
Algoma reports strong core results and continued fleet growth
(Posted on 10/11/25)Algoma Central Corporation has reported its results for the three and nine months ended 30 September... Read more
Damen unveils Combi Freighter 5000 ICE
(Posted on 10/11/25)Damen Shipyards Group has unveiled the latest platform in its successful cargo vessels portfolio. The... Read more
Wallem Group reaches a century in Hong Kong
(Posted on 04/11/25)Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters... Read more
INTERCARGO celebrates record membership ahead of 45th Anniversary
(Posted on 04/11/25)The International Association of Dry Cargo Shipowners (INTERCARGO) is marking its 45th anniversary in... Read more
NORDEN reports net profit of US$26m in Q3 2025
(Posted on 04/11/25)Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025,... Read more
ClassNK releases 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)'
(Posted on 04/11/25)ClassNK has released 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)' first in... Read more
InterManager urges Seafarer participation in Enclosed-Space Safety Survey
(Posted on 27/10/25)Following the International Maritime Organisation’s (IMO’s) newly tightened rules on enclosed... Read more
